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About OpenSpace
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
201-500
Company Stage
Series D
Total Funding
$194.6M
Headquarters
San Francisco, California
Founded
2017
Overview
OpenSpace provides reality capture software specifically designed for the construction industry. This software captures images of active construction sites and processes them into a format that helps construction professionals, such as owners and general contractors, gain a clear understanding of their projects. Users can utilize this data for various tasks, including preconstruction planning, automated progress tracking, and facility management. OpenSpace operates on a software as a service model, charging clients for access to its platform. What sets OpenSpace apart from its competitors is its ability to handle large volumes of construction data effectively, which has earned it the trust of industry leaders like Khansaheb and Power Design, Inc. The goal of OpenSpace is to empower construction teams to make informed decisions and keep their projects on track.
Simplify's Take
What believers are saying
- Integration with Revizto enhances workflow efficiency and user satisfaction.
- Partnership with WakeCap opens expansion opportunities in the Middle Eastern market.
- Collaboration with McLaren Construction could attract similar high-profile clients.
What critics are saying
- Increased competition from AI-driven construction tech companies like Boston Dynamics.
- Potential conflicts in the WakeCap partnership may affect market position in Saudi Arabia.
- New features may not meet user expectations, leading to dissatisfaction or churn.
What makes OpenSpace unique
- OpenSpace offers automated 360 video capture for construction site documentation.
- The software ties images to project plans, enhancing project understanding and decision-making.
- OpenSpace's reality capture software is trusted by industry leaders like Khansaheb and Power Design.
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Funding
Total Funding
$194.6M
Meets
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
401(k) Retirement Plan
Paid Vacation
Flexible Work Hours
Paid Parental Leave
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -4%2 year growth
↓ -2%OpenSpace, a global leader in 360° reality capture and AI-powered analytics for the construction industry, is excited to announce that Kevin Halter has joined the company as Chief Revenue Officer (CRO).
To help its customers bridge the gap between the field and the office, OpenSpace introduced OpenSpace BIM+.
Ampd Energy, a leader in battery energy storage systems (ESS) for heavy industries, has raised $27.3 million in an oversubscribed Series B funding round led by Kibo Invest and Openspace.
McLaren Construction has selected OpenSpace, a company specialising in 360° reality capture, to integrate AI-powered computer vision and analytics into its projects across the UK.
This photograph shows Boston Dynamics' SPOT robot dog on the opening day of the MWC (Mobile World. [+] Congress) in Barcelona on February 28, 2022. - The world's biggest mobile fair is held from February 28 to March 3, 2022. (Photo by Pau BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images) AFP via Getty ImagesSearch for articles on how AI is used in the construction industry and, if you’re like me, you'll start getting frustrated. There are countless thought pieces from thought leaders about all the ways that AI can and will change the industry, but very few that tell actual stories of actual technologies that are actually being used by actual construction companies.The good news: this is starting to change. AI apps for construction companies are hitting the market and maturing
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About OpenSpace
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
201-500
Company Stage
Series D
Total Funding
$194.6M
Headquarters
San Francisco, California
Founded
2017
OpenSpace is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today